FXGM ZA Review 2019: A Serious New Contender

In the competitive world of online trading, choosing the wrong broker can be the difference between hitting the “jackpot” and losing your entire life savings. We can safely say that FXGM ZA is undoubtedly a firm contender in the saturated brokerage market.

With new brokers opening up shop on a near daily basis, deciding on the most suitable broker for you, can be an intimidating endeavour.

Not only is there a wide variety of different options, but there is also a ton of scams and unregulated brokers out there. The wolves in sheep’s clothing, so to speak, just waiting to steal your money.

As a novice trader who is just staring out, being a victim of a scam or shady brokerage practices can be extremely disheartening, we know.

Which is why you can never be too careful when choosing a broker.

Enter FXGM ZA

What do they do?

Trading Platform

Deposit

Withdrawing

Is it worth a try?

Would we recommend it?

 

Enter FXGM ZA

FXGM ZA is a brand name of Unum Capital (Pty) Ltd, an investment firm based in Waterkloof, South Africa.

Unum Capital (Pty) Ltd, the parent company of FXGM ZA, is regulated by the FSCA, which forces strict rules and regulations to ensure that the brokerage is completely upfront and transparent about the risks and rewards associated with trading online.

The broker focuses heavily on the South African trading market and is regulated in line with the Financial Sector Conduct Authority, also known as the FSCA, in South Africa.

Without spending any time with the broker, it is clear to see and safe to assume that FXGM is as safe and secure as any other reputable brokerage firm, thanks to its adherence to the strict rules and regulations of the Forex trading platform.

A quick online search will further prove that all of your hard earned money is completely safe in their capable hands, with positive reviews and opinions way over shadowing any complaints.

What do they do?

FXGM ZA is an online brokerage firm, offering trading services for the foreign exchange, commodities, crypto currencies, stocks and indices.

They allow for the trading of the following instruments through their platform:

As with any online trading brokerage, what sets the mediocre apart from the exceptional are the features that are on offer, and I am happy to say that FXGM ZA does not disappoint.

It becomes apparent from the word go, that a lot of time, effort, planning, and attention to detail has gone into all that they have to offer and it is refreshing to see a company of such professionalism catering for both novice traders who are just starting out, and seasoned professional traders with years of trading experience.

For novice traders, the features that it showcases are easy to learn, understand and execute while their support team is just a few clicks away in the event that you get stuck on something or find yourself delving too deep into the more complex tools and features.

For professionals and seasoned traders, FXGM ZA holds within it, more than you could ever ask for. With their advanced charting capabilities, order management and account management and over 140 built in market indicators, as a professional you will never find yourself wanting more out of the system.

Trading Platform

FXGM ZA offers both web and mobile versions of the PROfit trading platform which makes trading on the go as easy as can be, while ensuring that you aren’t sacrificing any features while using the mobile version.

The wide choice of possible trading platforms on offer has been said by many traders using the platform to be great for attracting many different types of traders. The platform remains the easiest of the platforms to use and could stand on its own just as it is at many other brokerage houses.

Users are also afforded free access to information on the current state of the Forex market with information that is integral to trading with the least amount of risk possible. Information such as:

  • Economic calendar: Which will provide you with both major and minor news and events to keep you on top of current trends.
  • Market Reviews: Which sends you a daily overview and analysis of any changes that take place within the market.
  • Currency Charts: Which provide thorough insight into the direction in which the market may be going to better assist you in predicting the markets outcome and allow you to trade with peace of mind.

Included is also a free SMS service that will send trading signals straight to your mobile device and assist in your decision making process when trading.

Besides regular forex trading, they also offer services of personal account managers and special market analysis tools.

Deposit

FXGM ZA receives payments through Visa, MasterCard, Diners or American Express Cards or by bank transfer into the Company’s bank account. Card transactions will be done via PayGate, which has the severest form of encryption – Secure Socket Layer. Another secure detail is that no cards will be stored on the website.

Withdrawing

A withdrawing form should be filled when you want to withdraw funds. You can also enter the amount you want to cash out in the withdrawing section of your trading account. The process of getting the cash varies based on the payment method you have chosen.

So, as I am sure you can tell by now, FXGM ZA is in no way a scam or a shady brokerage firm, the features that they offer are in line with the regulations and often a step above any other professional brokerage and that on its own is a clear indicator that FXGM ZA intends to become a trading powerhouse and make a real name for itself in the market, but the real question is:

Is it worth a try?

To that I would say, definitely!

FXGM ZA delivers on its websites promises in every way possible.

Over the course of the 6 months that we spent meticulously testing the system, we rarely had any issues that weren’t promptly tended to by the helpful support team.

Would we recommend it?

Absolutely yes!

No matter your trading background, whether you are a first time or occasional trader, or a professional, full- time trader, FXGM ZA is worth your time and attention.

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